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$GBTC Technical Analysis

|Includes: BTC-USD, Grayscale Bitcoin Trust (BTC) (GBTC)

Elliot Wave update on GBTC.

Now that W-X-Y corrective pattern has completed with satisfaction, which rhythms with previous corrections (ex: wave (4) in the chart below), I'm very optimistic on bitcoin trading higher.

Disclosure: I am/we are long GBTC.